The US-China trade war is escalating, impacting Korean companies exporting intermediate goods and investing in the US. The Korea Trade Association warns of the risk of Korean companies being implicated in Chinese companies’ transshipment and the need to be cautious of China’s control over key mineral exports. Despite the trade war, China remains a major investment destination for Korean manufacturing companies, accounting for 31.6% ($76.9 billion) of total overseas investment in Korean manufacturing as of the end of 2023.
Original Article: Read More
Auto-posted at: 2025-03-16 09:02:03